The State Bank of India (SBI) has decided to report the loan account of Reliance Communications as "fraud" in a case dating back to August 2015, the company said in an exchange filing. The state-run lender will also report the name of the company’s erstwhile director, Anil Ambani, to the Reserve Bank of India (RBI).
The company received a letter dated June 23, 2025, from the SBI to this effect, Reliance Communications said in a regulatory filing.
The firm, which is undergoing insolvency proceedings, is a group firm of the Anil Ambani-led Reliance Group.
#AnilAmbani #SBI #RBI
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